Waaree Energies Board Approves ₹10,000 Cr Fundraise, Dividend & Acquisition
Waaree Energies Ltd's Board of Directors, at its meeting on April 29, 2026, approved several key decisions. These include the audited financial results (standalone and consolidated) for the quarter and financial year ended March 31, 2026, and a recommended final dividend of ₹2 per equity share (20%) for the same period, subject to shareholder approval. The Board also approved raising funds up to an aggregate amount of ₹10,000 Crores through various permissible modes, including Qualified Institutional Placement (QIP). Additionally, the acquisition of 100% shareholding of Waaree Semicon Private Limited by its wholly-owned subsidiary, Waaree Power Private Limited, was approved, making Waaree Semicon a step-down subsidiary. The Board also re-appointed M/s. V J Talati & Co. as Cost Auditor and M/s Mahajan and Aibara as Internal Auditor for FY 2026-27.
Key Highlights
- Board approved audited financial results for Q4 and FY26.
- Recommended a final dividend of ₹2 per equity share (20%) for FY26.
- Approved fund-raising up to ₹10,000 Crores via QIP or other modes.
- Approved acquisition of Waaree Semicon Private Limited, making it a step-down subsidiary.
- Re-appointed Cost Auditor and Internal Auditor for FY2026-27.